The Hive MD Inc

Analysis

The Hive MD Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Hive MD Inc reported income of $171k and spending of $134k, leaving 21% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $273k to $171k (-38%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Hive MD Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Niagra Pioneer Soccer League Inc ($171k), K9 Youth Alliance ($171k) and Casa de Kids II ($170k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,426 against liabilities of $10k, net assets of -$1,574.